7. Insurance. 

 (a) During the Term, Lessor shall cause to be provided and maintained in
full force and effect, at Lessee’s sole cost and expense, a policy or policies of insurance providing the coverage described in this Section 7 covering all operations of the Aircraft (“**Insurance Policies**”). 


(i) Aircraft liability insurance covering all operations of the Aircraft, which coverage shall: 


(A) include a territory provision sufficient to cover all Aircraft operations permitted by this Agreement, with limits of not less than
Two Hundred Million US Dollars (US $200,000,000) per occurrence on a combined single limit basis, covering claims for death, bodily injury and property damage, 

 (B) list Lessor and Lessee as named insureds and list as additional named insureds each of Lessee’s and Lessor’s affiliates and their respective directors, officers, managers, employees and
agents and Gama Aviation, Inc.; 

 (C) be endorsed so that it is primary and non-contributing to any other insurance that is
available to any of the insureds. 

 (ii) All-risk ground and flight physical damage and hull war and allied perils insurance
(“Hull Coverage”) on the Aircraft for the agreed value of Eighteen Million US Dollars (US$18,000,000) (“Casualty Value”). Such Hull Coverage shall name Lessor and Lessee as loss payees as their interests shall appear, shall
specify any deductibles applicable to each and every loss. 


 

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